Pension pot loss

Stubod

..always seems to go down a lot faster than it goes up!...just a case of waiting...

Markneath

Stubod said:

..always seems to go down a lot faster than it goes up!...just a case of waiting...

True, in a good year it goes up 10% but in a bad month it goes down 10%.

dunstonh

Callum_J said:

Just for curiosity I checked my Scottish Widows pension plan today, and it’s still going down.
I wonder how long this will go on for, before we see things on the up again?

At the start of the Millenium, there were three negative years in a row.  That is rare, but it happens.  Even two negative years in a row is unusual but slightly more frequently.     Most drops happen over 1 quarter.   We have had two negative quarters.

westv

Maybe it's going to one of those "high inflation/low returns" periods that could really test drawdown pots.

JKenH

My SIPP is down just over 10% from its high last September. My ISA fared rather worse because of some Russian exposure. A lot depends on which sectors your fund is invested in as oil, commodities and defence stocks have done well while tech stocks are significantly down. The bias of the FTSE 100 to commodities means a lot of funds have underperformed relative to that index.

Albermarle

westv said:

Maybe it's going to one of those "high inflation/low returns" periods that could really test drawdown pots.

You could well be right, but at least hopefully in 12 months inflation will not be as high, and the gap between investment returns/savings rates will not be as large as this year.